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ATCO Ltd.

ATCO Ltd.

ACO-X.TO
ATCO Ltd.CA flagToronto Stock Exchange
73.16
CAD
-1.18
- -
7.39BMarket Cap
ATCO Ltd.
ACO-X.TO
(Toronto Stock Exchange)

Recent

price

73.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
29.96
34.54
34.88
37.97
39.65
35.97
35.36
40.23
42.73
41.15
34.48
37.57
43.68
41.88
44.06
45.8
45.88
Revenue per Share
2.37
2.83
3.22
3.64
3.66
1.34
2.97
1.92
2.87
4.49
2.2
2.15
3.25
3.82
3.83
1.34
1.41
Basic EPS, GAAP
2.67
-0.15
-7.87
-4.61
-5.36
-0.79
3.12
0.02
-2.05
2.97
7.12
4.54
7.13
3.53
3.5
5.73
5.88
Free Cash Flow per Basic Share
1.68
0.57
0.65
0.75
0.86
0.99
1.14
1.31
1.51
1.63
1.75
1.8
1.85
1.9
1.96
2.02
2.04
Dividend per Share
15.62
18.71
20.57
25.05
27.61
28.69
30.01
30.77
32.38
35.02
35.47
36.28
37.46
38.89
41.13
40.32
41.12
Book Value per Share
32.99
37.09
39.17
48.39
50.44
55.04
56.22
56.36
58.46
62.2
61.91
62.4
64.8
63.84
65.88
63.5
64.94
Tangible Book Value per Share
116
116
115
115
115
115
114
114
114
114
114
114
114
113
112
112
112
Basic Weighted Avg Shares
3,486
3,991
4,012
4,359
4,554
4,131
4,045
4,600
4,888
4,706
3,944
4,289
4,978
4,741
4,942
5,143
5,158
Sales/Revenue/Turnover
26.28
27.11
27.22
27.41
24.86
19.08
31.2
28.2
23.81
28.56
31.52
29.94
34.65
31.64
29.83
18.47
18.44
Operating Margin (%)
391
421
471
530
561
756
615
670
682
637
669
717
717
811
811
1,413
1,423
Depreciation Expense
281
327
370
418
420
154
340
219
328
513
252
246
370
432
430
150
158
Net Income, GAAP
26.28
27.81
23.22
25.43
23.05
35.74
27.65
26.09
25.61
6.15
25.04
23.99
23.24
22.81
21
29.65
30.24
Effective Tax Rate (%)
8.06
8.19
9.22
9.59
9.22
3.73
8.41
4.76
6.71
10.9
6.39
5.74
7.43
9.11
8.7
2.92
3.06
Profit Margin (%)
628
582
358
459
400
647
390
1,231
349
1,127
965
635
835
220
590
1,171
945
Working Capital
3,360
4,431
5,504
6,218
7,285
8,035
8,149
9,953
10,290
9,347
9,507
9,578
10,077
10,621
11,599
12,799
12,560
LT Debt
4,180
4,663
4,921
6,013
6,280
6,893
7,049
7,103
7,442
7,858
7,849
7,949
8,344
8,498
8,710
8,349
8,545
Total Equity
8.66
9.21
8.51
7.79
6.68
3.54
6.01
5.9
4.88
7.04
5.33
5.47
7.23
6.06
5.77
3.16
3.12
Return on Invested Capital (%)
2.77
2.59
2.8
2.69
2.16
1
1.89
1.65
2.02
2.76
1.84
1.93
1.99
2.23
2.87
2.02
2.1
Return on Capital (%)
14.94
16.44
16.34
15.95
13.89
4.76
10.11
6.3
9.08
13.31
6.25
6
8.8
9.96
9.54
3.28
3.39
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
444
432
445
LT Borrowings
12,359
12,652
12,392
LT Finance Leases
143
147
168
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
112
112
112
Market Capitalization
5,661
6,335
7,655

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,467
2,626
2,382
Cash, Cash Equivalents & STI
1,293
1,328
1,077
Accounts Receivable, Net
706
813
800
Inventories
199
146
162
Total Current Liabilities
1,364
1,455
1,437
Payables & Accruals
837
936
890
ST Debt
444
432
445
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.97%
1.29%
-4.14%
Free Cash Flow
-1,251.49%
6.37%
63.87%
Net Income, GAAP
13.97%
-0.16%
-65.12%
Sales/Revenue/Turnover
2.64%
5.67%
4.07%
Total Cash Common Dividend
7.26%
2.57%
3.18%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,324
1,112
1,116
1,390
4,942
2025
1,411
1,158
1,184
1,390
5,143
2026
1,426
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.31
0.46
0.83
- -
3.83
2025
1.28
0.57
0.76
- -
1.34
2026
1.35
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
0.49
0.49
- -
1.96
2025
0.51
0.5
0.51
- -
2.02
2026
0.52
- -
- -
- -
- -
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Business
ATCO Ltd. (TSX: ACO-X) is a diversified global holding company that develops, operates and invests in energy infrastructure, utilities, workforce accommodations and aviation services. The company provides natural gas distribution and transmission services; electricity generation, distribution and transmission; water and wastewater treatment; industrial water management; logistics and noise abatement services; modular facilities fabrication and workforce housing; and aviation services including emergency response, industrial support and charter flights. ATCO operates across four main segments: Utilities and Infrastructure, Energy Transition, Workforce Accommodations and Aviation; serving commercial, industrial, government and residential customers in Canada, Australia, the United States and internationally. Founded in 1947 and headquartered in Calgary, Alberta, Canada, the company maintains strategic subsidiaries such as ATCO Electric, ATCO Gas, ATCO Structures & Logistics and ATCO Group. In recent developments, ATCO announced a strategic partnership with ENMAX Power Corporation in 2024 to jointly develop renewable energy projects in Alberta, completed the acquisition of Ascend Analytics' energy forecasting business in early 2025 to bolster its energy transition capabilities, and launched new modular workforce accommodation solutions tailored for LNG projects in Western Canada and Australia.